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<br />~ <br />- , <br /> <br />-- <br /> <br />. <br /> <br /> <br />August 31, 1993 <br /> <br />I N T E R 0 F F ICE <br /> <br />MEMORANDU <br /> <br />E:! DlR n..,! <br /> 1 <br /> SC .:., <br /> - <br /> ASC I <br /> F <br /> I <br /> L ,".~t.;~~~~~~~~.~.; <br /> E <br /> <br />FROM: <br /> <br />Bill sta70n <br />CWCB / <br />I <br />Lynn B:~bernyer <br /> <br />correJpion to be made to Exhibits G & H of CWCB Contract <br />94-78/ <br /> <br />TO: <br /> <br />RE: <br /> <br />I spoke with you briefly about the corrections needed to this <br />contract last week. I telephoned Frank Akers at home to see if <br />he knew how this situation had been covered on previous con- <br />tracts. However, he did not recall any useful information. <br /> <br />Problem: <br /> <br />Both Exhibits G & H (UCC Security Agreement and UCC-1) state that <br />the security given is in the revenue derived from assessments on <br />shares. Yet paragraph 2 (Exhibit G) x'd the box entitled "Use in <br />farming operations" and the last paragraph of Exhibit H entitled <br />"Collateral Used" does not have any box marked. <br /> <br />Correction Needed: <br /> <br />The New Cache La poudre Irrigating Company need to make the fol- <br />lowing corrections: <br /> <br />1. Exhibit G on paragraph 2, create a 4th box, place an <br />"x" in that box and label that box "Other." <br /> <br />2. Exhibit H, place an "x" in the box labeled "Other" in <br />the last paragraph labeled "Collateral Used." <br /> <br />These corrections can be accomplished either by the Company cor- <br />recting the forms attached to these contracts or by the Company <br />executing new forms and forwarding them to you for inclusion in <br />the contract package. Please remember if the current forms are <br />corrected, the "x" must be deleted from the "Use in farming oper- <br />ations" part of paragraph 2 of Exhibit G. That deletion plus the <br />